Once Pfizer, Moderna, and Johnson & Johnson began rolling out their COVID-19 vaccines in the US, unless you had your head in the sand for the past four or five years, you just knew people would take sides on whether or not to get the jab—for whatever reason. And that has certainly been the case. […]
[Updated on Dec. 6 with additional mid-year raise percentages.] Mid-year raises are definitely rolling out at Deloitte now that a comp thread has been created on Reddit. To recap, in late September, Deloitte CEO Joe Ucuzoglu told staff in an email (scroll down for the full text of Joe U.’s email) that the firm would […]
Partners at mid-tier accountant BDO paid more than at EY [Financial Times] BDO, the UK’s fifth-largest accounting firm by revenue, paid partners a record average of £760,000 before tax in the year to the end of June, surpassing the £749,000 paid out by EY. PwC Germany Offices Raided by Police in Tax Fraud Investigation [Bloomberg […]
This just in, NASBA is shelving its annual Candidate Performance on the Uniform CPA Examination book and publication of candidate performance data for the next few years as it invests the bulk of its efforts into the CPA Evolution project: IMPORTANT UPDATE: Due to the necessary and important focus on bringing CPA Evolution to fruition, […]
I would like to preface what I’m about to write with an important note. I have the utmost respect for Ed Mendlowitz (not like he gives three quarters of a rat’s butt cheek what I think of him because who the hell am I), he is an OG of the profession, and we are all […]
Are y’all ready for the results of the third auditor round-and-round of 2021? OK. Here we go. It was another big quarter for BF Borgers, which added the most new SEC clients with nine while losing one for a net of eight, according to Audit Analytics’ third quarter audit gains and losses analysis. BF Borgers […]
BKD employees have something in common with employees of BDO USA and Grant Thornton … besides working in the hellscape that is public accounting: They supposedly are getting mid-year raises but have no idea about how much they are going to get. From the tipline last weekend: BKD also announced a significant pay increase effective in January. […]
Last week after we got a tip on mid-year raises being imminent at BDO USA, I wanted to know what—if anything—was going down at Grant Thornton. It seems the Purple Rose of Chicago has been keeping mum about salary adjustments for employees, according to a few GTers who have posted on the usual online chatter […]
[Updated with additional information at the bottom of article originally posted on Nov. 22.] With top mid-tier firms like RSM US, CohnReznick, and Plante Moran doling out mid-year raises, we hadn’t heard if similar “we really should give our overworked employees more money so they don’t leave us” actions were being taken at Grant Thornton […]
Alright so we’re sourcing this one from Reddit which, yeah, I know but since the bulk of our sources are on this side of the pond, it’s the best place to find international Big 4 news other than obscure local papers or from unmemorable African newspapers. A screenshot of an email sent out by KPMG […]
Believe it or not, risks associated with tax and tax compliance still keep CEOs in the US and around the world up at night, even in these COVID times when supply chain issues, the Great Resignation, and cybersecurity incidents grab all the headlines. According to the KPMG 2021 CEO Outlook Pulse Survey, 14% of the […]
Just like our waistlines over Thanksgiving weekend, the tax practice at the Queen’s KPMG got larger earlier this month with the addition of three new partners. Candice Nichol, a tax lawyer with 14 years of experience, joined KPMG as a deal advisory tax partner in London from international law firm Simmons & Simmons, while Justin […]
[Updated with additional comp information at the bottom of article originally posted on Nov. 22.] The answer is YES according to a tip we received last week: A few weeks ago Plante Moran announced to its employees that everyone is getting a January 1 market increase (separate from the normal market and merit increases that […]
Carillion Liquidator Seeks $336 Million From KPMG [Bloomberg] The U.K. government agency charged with liquidating Carillion Plc has lodged a claim at the high court against auditor KPMG, the Sunday Times reported. The official receiver has accused KPMG of negligence in its audit of the U.K. contractor and quantified claims of about 250 million pounds […]
Agree? via r/linkedinlunatics
Today is November 24, 2021 (in case you didn’t catch the tiny little publish date in the upper left-hand corner of this post) and with yesterday’s CPA exam score release, that leaves just one more score release for 2021 before we call this year a wrap. Where the year went is beyond me, but that’s […]
We recently got a tip that RSM US had told employees that “they are re-evaluating market conditions and people/groups might get raises in December.” Our tipster added: “Another carrot to dangle in front of people to get them to not leave.” Apparently the phrase used by RSM leadership was “targeted adjustments,” according to an RSMer on […]
It’s hard to remember that dark time in the not-so-distant past when we had to do things like print out directions instead of trusting our phones to lead the way. Alexa hasn’t even been around for a decade, and yet here we are today, with smart home setups that open up the house for us, […]
I was scrolling through Fishbowl yesterday afternoon while I was watching that horrible Bears vs. Ravens game when this post caught my eye: At least those pay bumps are at or above current inflation levels, so that’s a plus. The thread continued … We hadn’t heard from anyone in the rank and file at CohnReznick […]
EY faces staff backlash over handling of sexual harassment case [Financial Times] EY is facing a backlash by staff over the accounting giant’s handling of an incident in which a partner sexually harassed a female trainee on a work trip. On an all-staff webcast on Tuesday, EY promised staff it would do more to combat […]
EY Global Chairman Carmine Di Sibio wrote a piece for Quartz recently on how young professionals can navigate today’s hybrid work environment (well, his communications team did anyway) and we found a few bits particularly noteworthy for early-career accountants eager to get ahead in today’s, uh, interesting work environment. You might want to grab a […]
KPMG couldn’t audit their way out of a paper bag but some props are due for proving themselves capable of making a mildly entertaining two-minute YouTube video which we’re about to share with you momentarily. The last time we caught KPMG embarrassing themselves on YouTube, it was this unspeakable disaster from KPMG Denmark and things […]
Accounting Principals has finally released its salary guide for 2022, and the main takeaway is average base salaries for roles in public accounting are expected to increase 6.4% across the board next year. So you guys get a salary adjustment that would barely cover the current inflation rate. Hooray. For 2022’s salary guide, Accounting Principals […]
Winter is coming, and new stars will soon be born in public accounting as the latest wave of interns are about to flock to a windowless cubicle near you. And just in time for the arrival of this latest group of fresh, smiling-faced youngsters is Firsthand’s (formerly Vault.com) ranking of the top accounting internship programs […]
“If you were the head of audit at one of the Big Four and you read this document, you’d be thinking ‘I think those are the things I’m [already] trying to do.’ The problem, as far as we’re concerned, is they don’t really do it.” — Sir Jon Thompson, chief executive of the Financial Reporting […]
We’re a year and a half late on sharing this IRS hold music cover song with you, but better late than never eh? Well, unless you’re late making estimated tax payments. Uploaded April 13, 2020, the video has a mere 1,413 views as of posting this. How this didn’t go viral and end up being […]
[UPDATE] Neil Hutt quit or was forced to resign or whatever. Point is, he no longer works at EY in the UK. From the The Times of London on Nov. 13: EY, the Big Four accountancy group, has accepted the resignation of one of its partners, who told a female trainee “I’m going to f*** […]
If someone were to say, “BDO is fucking clown shoes,” he or she wouldn’t be wrong. And it’s not because of the firm’s horrendous auditing of late. It’s because a BDO USA digital advisory business will soon be based in “The House That Ronald Built.” On Nov. 10 Crain’s Chicago Business reported: The billionaire hair-care […]
Crowe recently announced a slimmed-down class of 45 new partners and principals who will get their special light-up pens on April 1, 2022—compared to the 102 partners and principals who were promoted on April 1 of this year. Here are the 34 men and 11 women who will be constantly pestered by Crowe CEO Mark […]
Now that air travel is starting to open up again for those of you in public accounting (I know, it’s mostly client and project dependent at this point), this week’s Big 4 Item of the Week on eBay is a must-have for all you longtime Deloitters. You’ll be the envy of your fellow business travelers […]
KPMG Sued for $600 Million Over Alleged Sloppy Auditing in Dubai’s Abraaj Scandal [Bloomberg] KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj Group, the latest in a string of complaints of sloppy auditing made against the Big Four firm. The claimants, two units […]
The other day, a reader sent us this Bloomberg Opinion piece on the CFA exam with a quick note attached: Imagine the original article where “CFA” is replaced with “CPA” The article’s title? Wall Street’s CFA Program Is a Colossal Waste of Time It starts off by informing us that the “notoriously difficult” Chartered Financial […]
When the PCAOB gave a preview of its first batch of COVID-era inspection reports for annually inspected public accounting firms in October, the audit cops said: For the majority of the annually inspected audit firms, we identified fewer findings in 2020 compared to our 2019 inspections. Notice how the PCAOB used the word “majority” and […]
[Updated with official announcement from RSM US below.] A tipster just informed us that RSM US announced this morning that Brian Becker, the firm’s national consulting leader, will succeed Joe Adams as RSM manager partner and CEO effective Aug. 31, 2022. As national consulting leader, a role he has held since April 2017, Becker leads […]
Once the laughingstock of the firms annually inspected by the PCAOB (and of us at Going Concern HQ), Grant Thornton has recently shown it has really gotten the hang of this thing called auditing. It really is a surprising turnaround for a firm that had epically bad PCAOB inspection reports for 2011 (43% deficiency rate), […]
And now … your NEW starting lineup for the Peeee Ceeee Aaaay Ooooh Beeee! From Edinboro University, she has 28 years of experience in public finance, policy development, accounting and auditing, disclosure modernization, data analytics, and technology innovation. A former Deloitter, she has held senior financial roles at the Treasury Department and the University of […]
In today’s edition of “How Much Are You Worth?” let’s take a look at public accounting salary projections for 2022 from recruitment firm Hays US. We chose four tax and four audit roles from Hays’s 2022 Salary Guide to highlight in this post. Hays provides accounting salary ranges, with the first figure indicating minimum pay […]
Rebecca Rennison recently entered the Big 4 transfer portal as a director at PwC UK and exited as a partner at EY. EY recently announced Rennison and Richard Pulford as its most recent senior hires in the firm’s Manchester corporate finance team, according to Insider Media: Rebecca Rennison also joins EY with more than 20 […]
Looking to buy PwC Global Chairman Bob Moritz a gift for the holidays? We have two ideas for you from eBay: An autographed 8-inch by 10-inch photo of Bebe Rexha because BoMo is apparently a big fan. A full sheet of stamps from 2005 commemorating PwC’s 85th year in Uruguay. Here’s what the stamps look […]
I’m no psychic or anything but I’m willing to bet a large majority of you reading this right now have your resume updated and ready to fling at an eager recruiter at a moment’s notice. Maybe you’re not actually looking for a new job, but as you watch your public accounting cohorts jump ship one […]
.CPA Web Domain Launches in Canada [Business Wire] The restricted web domain, administered by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, officially launches in Canada this morning at 11 Eastern time. To be eligible, Canadian CPAs and CPA firms must be licensed. Preferred names will be awarded on a […]
When the PCAOB released its first batch of 2019 inspection reports earlier this year, there was one outcome that left us at Going Concern HQ feeling like we were living in some auditing bizarro world: PwC had a worse audit failure rate (30%) than KPMG (29%). It’s rare when KPMG doesn’t have the worst PCAOB […]
Last month the PCAOB teased the results of its 2020 inspection reports by saying audit firms were getting better at not being awful at auditing. From the PCAOB’s Staff Update and Preview of 2020 Inspection Observations: For the majority of the annually inspected audit firms, we identified fewer findings in 2020 compared to our 2019 […]
Not sure if Going Concern readers and random Googlers who end up in this sacred temple of Big 4 gossip are aware, but we can see the keywords you search prior to clicking through onto our site. And man, some of them are disturbing, due in part to the fact that we’ve written about questionable […]
All you health nuts and fitness freaks who spend each and every day building a better working world can hop on over to eBay and purchase this unused EY pedometer. Unshackle yourself from your desk and bust out this black and yellow step-counter the next time you walk to the break room or take that […]
If it was any other year, champions of audit quality would be throwing Deloitte a ticker-tape parade for only having two glaring errors out of 53 audits inspected in the firm’s newly released 2020 PCAOB inspection report. But it was PwC auditors who were the ones pulling ticker-tape out of their hair while Deloitte was […]
For years we’ve been hearing how blockchain and AI will transform accounting, and this recent article from MIT Sloan School of Management (aka MIT Sloan) about the five forces remaking accounting gives them both the obligatory nod. But we’re not here to talk about blockchain. We’re here to talk about ESG. After a brief introductory […]
The PCAOB blessed us this morning with its first batch of 2020 inspection reports, which included BDO USA, Deloitte, EY, Grant Thornton, KPMG, and the highly anticipated one for PwC. Back in August PwC released its 2021 audit quality report, which included a lot of bragging about how much more competent P. Dubs’ auditors have […]
A little over a month after being fined more than £2.3 million by the Financial Reporting Council for that whole Patisserie Valerie mess, Grant Thornton got called to the principal’s office once again for audit failures—this time for its 2015, 2016, and 2017 audits of outsourcing company Interserve, which went into administration in 2019. GT […]
AAAAAAAAAAAAAAAAAHHHH!!! Featured Photo by Monstera from Pexels
It’s the best time ever to find a remote tax job according to our friends over at Accountingfly (full disclosure: they own Going Concern so by “friends” we mean “benevolent overlords”): October through December is always the “high season” for tax hiring. For tax professionals, there are only so many times during the year that […]
Interest in the CPA credential has been down significantly since at least 2016, and we have discussed this issue to death so I don’t need to link you to the evidence (but here’s some anyway). The problem here is that talking about it isn’t solving it, thus we will continue talking about it and hope […]
Wealthy retired accountant is found guilty of murder [Daily Mail] The pregnant daughter of a wealthy retired accountant who was today jailed for life after stabbing her husband to death has told the court of her heartbreak, saying: ‘I lost my dad but I’ve also lost my mum.’ Isabelle Potterton said on Friday that her […]
“I was just talking to our team in terms of the importance of people, the importance of being empathetic, the importance of making sure that we’re taking care of our people. And, you know, we talk to our clients about this all the time. We’ve actually hired 115,000 people in the last year, but we’ve […]
I wanted to make a comment about KPMG’s new 401(k) rules. As a recent US hire, the changes annoyed me in some ways. Here’s why: What the article (“Changes to KPMG’s 401(k) Contribution Policy Seem to Be Getting Positive Reviews”) didn’t mention or what your source material may have left out is that in addition […]
While we await the release of Accounting Principals’ 2022 Accounting & Finance Salary Guide, let’s take a look at the salary projections in public accounting for next year from Alliance Resource Group. ARG provides its 2022 salary outlook for 11 positions within public accounting (six in tax and five in audit), with a salary range […]
If you are interested in a fully remote professional opportunity, apply today using the links below! Talent search for all positions is managed by Accountingfly on behalf of the client firms. Remote Audit Jobs Remote Audit Manager CPA – CPA firm located in Northern Virginia is hiring an Audit Manager responsible for supervising, directing, and reviewing […]
In mid-July 2020, when public accounting CEOs were still looking at ways to slash costs because of the Rona’s impact on their firms, we started receiving tips from KPMGers about their retirement and pension plans taking a hit: KPMG announced this week they are cutting pension and 401k contributions in half for 2020. According to a 2018 […]
There’s a disturbing social media trend afoot, and no it’s not sex workers claiming to be accountants on TikTok. Over the last few years, LinkedIn has gone from a useful tool for professional networking to Letters to Penthouse for business. Y’all know what I mean. The long, rambling posts littered with hashtags — often written […]
There’s a firm that finally gets it when it comes to giving employees of one of its core lines of service a reason not to join the mass exodus that is going on right now in the Big 4. It’s not promoting some fictitiously great company culture. It’s not giving employees Omaha Steaks or 1-800-Flowers […]
Klynveldians, forget about all of the dark blue and plain white Phil Mickelson KPMG golf hats currently on eBay. If you want to look good even if you don’t play good the next time you have a tee time scheduled (probably sooner than later for many of you KPMGers), then you need this rare teal […]
Stumbled across an interesting article yesterday that I thought was worth sharing with you if for no other reason than it’s been a while since we’ve instigated a pissing contest with lawyers over whose professional licensing exam is harder. The article suggests the law profession should just get rid of the bar exam completely due […]
How CPAs can rise above a polarized political climate [Journal of Accountancy] Aside from being prepared for these possible changes, [Publisher and editor-in-chief of The Cook Political Report Amy] Walter recommends that CPAs break away from the polarization that has made each side feel like an election is an existential fight for the real America. […]
Kelly Grier, EY US chair and managing partner and Americas managing partner since July 2018, announced during an all-hands call this morning that she will not pursue a second four-year term. A tipster told us that Grier said “it was a personal decision and had nothing to do with the strength of the firm.” Her […]
Earlier this week we gave you 10 cities where starting salaries in public accounting are expected to be on the very high end of the spectrum in 2022. Today we’re giving you 10 cities where starting pay in PA is expected to be on the very low end of the spectrum next year, according to […]
Although the old guard (read: Boomer partners who refuse to retire) might tell you that kids these days have it too easy, the reality is that today’s accountants are expected to possess a far more varied Swiss Army Knife of knowledge compared to the whittlin’ stick of yore. What’s our evidence for this claim? The […]
The Powers That Be want me to squeeze every last bit of juice from the bountiful fruit that is the public accounting portion of the 2022 Robert Half Accounting & Finance Salary Guide. ICYMI, we’ve written about the projected starting salaries for each of the 10 public accounting jobs in the 2022 salary guide by […]
[Updated original post from April 16. Update is at the bottom of this article.] So I’m originally from Wisconsin, and other than my tendency to store extra fat in the winter and an unfortunate affinity for drawing out my vowels in words like “mom” and “bagel,” you wouldn’t really know it. I moved to California […]
After months of rumors and speculation online about whether or not PwC was selling its global mobility services business and, if so, to whom, we now have answers to both questions: Yes and private equity firm Clayton, Dubilier & Rice. Here’s the press release that just hit our inbox: Clayton, Dubilier & Rice and PwC […]
Someone lit a fire under the asses of those who work in the PCAOB enforcement division because they issued seven disciplinary orders to audit firms and accountants from Sept. 22 to Sept. 30. One of those firms was Deloitte Canada. Compliance Week reported: The Public Company Accounting Oversight Board (PCAOB) on Wednesday [Sept. 29] imposed […]
Attention PwCers in St. Louis: Be the envy of your office with this retro Price Waterhouse (sans Coopers) dark brown leather portfolio briefcase. It has the Gateway Arch on it and everything. Imagine yourself rocking this pre-owned briefcase at the client site or at the office’s next pizza party. Here are some pics from the […]
Happy Monday, GC faithful. One of the things we here at GC headquarters have enjoyed sharing with you through the years are horrible anthems about Big 4 firms. Who can forget such classics as “Making an Impact That Matters” about Deloitte, “EY Anthem,” and “Your Worlds, Our People” about PwC. These sound like the songs […]
‘What do you actually do?’: Redditors scratch heads at consulting firms [Yahoo News] We’ve often wondered about this too. Deloitte Workers Sue Over ‘Astronomical’ 401(k) Fees [Law360] Deloitte workers slapped the accounting giant with a proposed class action in New York federal court, claiming the company allowed two multibillion-dollar retirement plans to get saddled with […]
On Oct. 7, someone on the way out the door at EY decided now was as good a time as any to air those final grievances and perhaps warn those who hadn’t yet experienced the full force of “bad fit” just what happens when you don’t fall in line. It’s posted on Reddit and the […]
[Updated original post from Sept. 28 with additional information on PwC Australia’s internal investigation. Update is at the bottom of this article.] Australian Financial Review has a blockbuster of an exclusive this morning, one that involves “a human resources executive dressed as a bat from Wuhan” and a senior manager of diversity and inclusion mocking […]
From the Financial Times yesterday: A senior KPMG partner advanced an “untruthful” defence at a disciplinary hearing into the accounting firm’s misconduct in the sale of bedmaker Silentnight to a private equity fund, a tribunal has found. The tribunal also found that KPMG and David Costley-Wood, the partner who led the Silentnight work, had failed […]
About as well as you’d expect: I realized I forgot to file an extension for my brother’s return how is everyone else doing today — Lorilyn Wilson, CPA (@LorilynWilson) October 14, 2021 Got up yesterday at 7:30am. What time did I go to bed? I'll let you know when that happens. Yep, this tax season […]
Our series of articles based on the Robert Half 2022 Accounting & Finance Salary Guide continues as we look at public accounting starting salaries in eight low cost of living cities that have a Big 4 presence and a national accounting firm presence (i.e., RSM US, BDO USA, Grant Thornton). Most of these cities are […]
A recap of recent non-Big 4-on-Big 4 poaching news throughout the accounting profession. BDO Stefan Beyers joined BDO UK’s financial services team as an audit partner. He has a boatload of experience in audit and advisory engagements for banking and capital markets clients. He previously worked at PwC for 19 years, most recently as a […]
Exposure Drafts holiday cards are now available for purchase through Rubook Creative.
The number of new partners in the fiscal year 2022 class at BDO USA would make Bill and Ted snicker. For some reason, we didn’t post anything last year about the FY 2021 new partners at BDO. I blame the pandemic, which is what I blame most things on these days. But this latest class […]
Firms established by pioneering Black CPAs decades ago created an indelible legacy within the accounting profession. Built by Black CPAs who succeeded despite adversity, the firms continue to play an important role in the profession’s recruitment and advancement initiatives, and with the clients they serve. Here are a few examples. Guiding others along the journey […]
Seen on r/antiwork And no, it’s not actually an accounting firm. According to OP, a hotel posted this to LinkedIn “as a fun how much we love our employees” post. Almost had ya tho eh?
Uh-oh, the Big 4 firms have gotten Sen. Elizabeth Warren’s dander up. The Massachusetts Democrat was appalled at a recent New York Times report that found at least 35 examples of big public accounting firm tax lawyers who left to join the US Treasury’s tax policy office or other government positions and then were rehired […]
FRC’s changes to fraud auditing standard explained [ICAEW Insights] The Financial Reporting Council (FRC)’s UK Auditing Standard on Fraud (ISA (UK) 240) has been significantly updated for the first time in 16 years. The changes are a response to recent public discussions on the role of audit in identifying fraud, including high profile cases in […]
From the moment ‘Generation Y’ entered the workforce at the turn of the century, the business leaders, politicians, and academics who came before us have been suffering from endless anguish over our alleged lack of loyalty and our pesky desire to find fulfillment in life beyond work. Many of us watched our parents give their […]
The partnership at KPMG grew by 170 people earlier this month, as 120 men and 50 women were outfitted with new golf attire before being handed keys to the club by Chair and CEO Paul Knopp and Deputy Chair and COO Laura Newinski. This latest class of new partners (for FY 2022) is larger than […]
Earlier this week we looked at public accounting starting salaries in five of the most expensive US cities to live in and how much higher they are than the projected national averages recently published in the Robert Half 2022 Accounting & Finance Salary Guide. A discussion you often see among professionals on Fishbowl and Reddit […]
[Ed. note: The following is a letter we received in response to a reader letter we published in September which lambasted the AICPA for diluting the profession. We are publishing it with permission from its author, who we have chosen to keep anonymous due to the anonymity of the original letter writer. We hope this […]
In January of this year, seasoned bureaucrat Matthew Dunlap took the helm as state auditor in Maine despite having no background in accounting, much less auditing. Rather, he has a bachelor’s degree in Roman history and a master’s in English literature, the former of which would come in handy should Maine have a vacant State […]
The FY 2021 numbers are in at PwC and global revenue rose 4.9% to $45.1 billion for the year ending June 30. Hey, nice job, everyone. And as you’d expect, Bob Mortiz is #PwCProud: “I’m tremendously proud of all we achieved in a challenging year, and the way we did it, leading with our values […]
One of the cool features of the Robert Half 2022 Accounting & Finance Salary Guide is the location feature, where you can type in the name of a city and it spits out the projected starting salaries next year for that city, taking into account factors like cost of living and talent availability. It also […]
We have some Big 4-on-Big 4 poaching action in America’s Hat, as EY of the Canadian variety recently nabbed a partner from PwC. A new partner in EY’s Financial Services practice, Biswajit Das bends over backwards to provide CIO and COO advisory services for the Big 6 banks, insurance players, asset management firms, and large […]
Twelve men and four women were promoted from little Mosses to big Mosses in the latest new partner class at Moss Adams. And the firm recently poached two other of its newest partners from Big 4 firms. Here are the 18 newest partners at Moss Adams: *Kristina Allan, Irvine, CA Jeff Gay, Everett, WA Raj […]
Deloitte UK profits boosted by public sector pandemic work [Financial Times] Deloitte has confirmed a surge in UK profits helped by public sector contracts during the pandemic, saying that its work on the response to Covid-19 was “essential”. Revenues at the firm’s UK and Swiss businesses, which operate as a single partnership, rose 4.2 per […]
Big news today! PwC just announced that effective November 1, its people will need to be fully vaccinated against COVID-19 in order to access PwC facilities and client sites. Deloitte announced a similar vaccination policy toward the end of August, as did KPMG, just a handful of days before President Biden announced the country’s own […]
Attrition is the word on everyone’s lips these days, and you can bet that the ongoing Big 4 exodus is keeping plenty of partners up at night. Given the aforementioned stress-related insomnia, surely firm leaders are spending their extra awake hours coming up with creative, generous ways to hold on to the staff they have […]
This just in from the purple gang: Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced record revenues of $1.97 billion for the fiscal year ended July 31, 2021. “In a changing and uncertain environment, we continue to remain agile and perform with excellence across our entire firm, including our […]
On this the last day of the third quarter, let’s take a look back at initial public offering activity in the second quarter of the year, which featured the biggest IPO since 2000 in terms of proceeds, according to Audit Analytics. There were 13 IPOs with proceeds greater than or equal to $1 billion last […]
The smell of new partners and principals still permeates the air at the biggest of the Big 4, as Joe Ucuzoglu recently gave his blessing to the newest class of rainmakers at Deloitte. This latest class (technically the class of FY 2022) is 35% larger than last year’s class at Deloitte and 13% larger than […]
